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Essex Court 21-21 Linden St 20 Unit Apartment Building $3,500,000 ($175,000/Unit) 6.33% Cap Rate Ridgewood, NY 11385
Investment Highlights
- Unit Count – One of thirty buildings in Ridgewood 20 units +
- Corner Location – Prime location on the corner of Forest Ave with access to shop, restaurants, & transportation
- Bonus Revenue - 7 garages provide flexible parking income (or owner use), enhancing NOI in a transit-rich area where parking is at a premium
Executive Summary
Investment Property Realty Group (IPRG) has been exclusively retained to sell 21-21 Linden Street, Ridgewood, NY 11385, an iconic 4-story, 20-unit apartment building (constructed in 1927) which spans 15,200 square feet on a corner lot, offering 7 on-site garages for added revenue and tenant appeal.
Fully occupied and meticulously maintained, this rent-stabilized delivers reliable cash flow in one of NYC’s fastest-appreciating neighborhoods.
The subject property is located on the corner of Forest Avenue just blocks away from the Seneca Ave M Train.
Fully occupied and meticulously maintained, this rent-stabilized delivers reliable cash flow in one of NYC’s fastest-appreciating neighborhoods.
The subject property is located on the corner of Forest Avenue just blocks away from the Seneca Ave M Train.
Property Facts
| Price | $3,500,000 | Property Subtype | Apartment |
| Price Per Unit | $175,000 | Apartment Style | Mid-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 6.33% | Lot Size | 0.18 AC |
| Gross Rent Multiplier | 10.96 | Building Size | 15,200 SF |
| No. Units | 20 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1927 |
| Zoning | R5B | ||
| Price | $3,500,000 |
| Price Per Unit | $175,000 |
| Sale Type | Investment |
| Cap Rate | 6.33% |
| Gross Rent Multiplier | 10.96 |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 15,200 SF |
| No. Stories | 4 |
| Year Built | 1927 |
| Zoning | R5B |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Microwave
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Public Transportation
- Walk-Up
- Smoke Detector
1 1
Walk Score®
Walker's Paradise (93)
Transit Score®
Rider's Paradise (93)
Property Taxes
| Parcel Number | 03374-0030 | Improvements Assessment | $515,790 |
| Land Assessment | $60,750 | Total Assessment | $576,540 |
Property Taxes
Parcel Number
03374-0030
Land Assessment
$60,750
Improvements Assessment
$515,790
Total Assessment
$576,540
Contacts
-
Steve Reynolds -
Derek Bestreich -
Tom Reynolds -
Brian Davila -
Investment Property Realty Group
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Essex Court | 21-21 Linden St
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